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News Desk

Bharat Electronics' Q2 Net Profit Rises 34% YoY; Order Book at Rs 74,595 Crore

Bharat Electronics’ Q2 Net Profit Rises 34% YoY; Order Book at Rs 74,595 Crore

/ Results /

Bharat Electronics (BEL), a defense public sector undertaking and Nifty50 constituent, reported a standalone turnover of Rs 4,425.29 crore for Q2 FY25, marking a 14.8% increase from Rs 3,918.13 crore in the same period last year. Net profit surged by 34.4% year-on-year to Rs 1,091.27 crore for the September quarter. Following the earnings announcement, BEL […]

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IndusInd Bank Shares Tumble 15% as Q2 Earnings Disappoint

IndusInd Bank Shares Tumble 15% as Q2 Earnings Disappoint

/ Indian Market /

IndusInd Bank’s stock plummeted 15% on October 25, marking its steepest decline in nearly five months, following weaker-than-expected Q2 FY25 results. The bank’s consolidated net profit dropped 39.5% year-on-year to Rs 1,331 crore, missing estimates. While net interest income rose 5% to Rs 5,347 crore, it was below market expectations, and the net interest margin

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NTPC Shares Dip 3% Despite Strong Q2 Earnings Beat

NTPC Shares Dip 3% Despite Strong Q2 Earnings Beat

/ Indian Market /

Shares of NTPC fell over 3% in early trade on October 25, even as the state-run power giant posted better-than-expected earnings for Q2 FY25. The company’s consolidated net profit rose 14% year-on-year to Rs 5,380 crore, while revenue from operations dipped slightly to Rs 44,696 crore. The board also declared an interim dividend of Rs

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Dixon Tech Shares Drop 4% Despite Strong Q2 Performance

Dixon Tech Shares Drop 4% Despite Strong Q2 Performance

/ Indian Market /

Shares of Dixon Technologies fell over 4% to Rs 14,230 in morning trade on October 25, even though the company reported solid earnings for the second quarter of FY25. Despite the dip, analysts remain optimistic about Dixon’s growth prospects, driven by its mobile segment, IT hardware, and backward integration strategies. The company posted a 263%

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Swiggy Lowers IPO Valuation Target to $12.5-13.5 Billion Amid Market Volatility

Swiggy Lowers IPO Valuation Target to $12.5-13.5 Billion Amid Market Volatility

/ Indian Market /

Food delivery giant Swiggy is reportedly aiming for a valuation of $12.5-13.5 billion for its upcoming IPO, reducing its target by 10-16% from the initial $15 billion. The decision comes amid market volatility and a recent correction in Indian stock markets, according to two sources familiar with the matter. Swiggy’s IPO, expected to raise $1.4

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Adani Wilmar Posts Rs 311 Crore Profit in Q2, Shares Jump 6% on Improved Performance

Adani Wilmar Posts Rs 311 Crore Profit in Q2, Shares Jump 6% on Improved Performance

/ Indian Market /

Adani Wilmar Ltd reported a consolidated net profit of Rs 311.02 crore for the September 2024 quarter, marking a turnaround from a loss of Rs 130.73 crore in the same period last fiscal. This return to profitability comes after the company posted a net profit of Rs 313.20 crore in the previous June 2024 quarter.

Adani Wilmar Posts Rs 311 Crore Profit in Q2, Shares Jump 6% on Improved Performance Read More »

IndusInd Bank Q2 Net Profit Declines 40% YoY to Rs 1,331 Crore, Misses Estimates Due to Higher Provisions, Costs

IndusInd Bank Q2 Net Profit Declines 40% YoY to Rs 1,331 Crore, Misses Estimates Due to Higher Provisions, Costs

/ Results /

IndusInd Bank reported a 40% year-on-year decline in consolidated net profit for Q2 FY25, amounting to Rs 1,331 crore, significantly missing market expectations. The decline was primarily driven by an 87% surge in loan loss provisions, which nearly doubled to Rs 1,820 crore. Additionally, rising operating expenses, including increased finance costs, outpaced the bank’s income

IndusInd Bank Q2 Net Profit Declines 40% YoY to Rs 1,331 Crore, Misses Estimates Due to Higher Provisions, Costs Read More »

Dixon Tech Q2 Results: Net Profit Surges 263% to Rs 412 Crore, Revenue Soars 133%

Dixon Tech Q2 Results: Net Profit Surges 263% to Rs 412 Crore, Revenue Soars 133%

/ Indian Market /

Dixon Technologies reported a remarkable 263 percent increase in its consolidated net profit for the quarter ending September 2024, reaching Rs 412 crore, compared to Rs 113 crore in the same period of the previous fiscal. The surge in profit was driven by a significant rise in revenue, which more than doubled year-on-year. Earnings before

Dixon Tech Q2 Results: Net Profit Surges 263% to Rs 412 Crore, Revenue Soars 133% Read More »

ACC Q2 Results: Net Profit Drops 49% Amid Rising Costs and Low Cement Prices

ACC Q2 Results: Net Profit Drops 49% Amid Rising Costs and Low Cement Prices

/ Results /

ACC Ltd, part of the Adani Group, reported a significant 49 percent decline in net profit for the quarter ending September 2024, with profit falling to Rs 200 crore from Rs 387.88 crore in the same period last year. The decline was attributed to near-decade-low cement prices and subdued demand across multiple sectors. Despite challenges,

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